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Search Results 0 to 49 of about 116 (some duplicates have been removed)
ABC
Dec 31, 2012 5:00pm EST
fiscal cliff, but the senate is pushing forward hoping they will have the deal by midnight tonight. we will technically go over the cliff on new year's day. the house hopes to fix everything on wednesday. they hope the markets will stay calm if the senate? today. mellon says they're happy with this final deal -- no one says they are happy with this final deal. reporting live from the capital rebecca cooper. >> jobs at the pentagon may be in jeopardy when we go over the fiscal cliff. they are not the only military related work at stake. northern virginia bureau chief jeff goldberg is live at the pentagon tonight. >> last week, defense secretary leon panetta said day-to-day operations would likely not change dramatically if we go over the fiscal cliff. any potential layoffs would probably not happen immediately. workers are watching this very closely. watching children skate round and round is how many americans would describe what they're watching right now on capitol hill. >> it is absolutely unconscionable. >> in the pentagon, it is alarming. it would lead to sequestration across the board government cuts. the planning has already begun for temporary la
FOX
Dec 31, 2012 4:30am PST
from going over the fiscal cliff. the house and senate convened for a rare sunday session but no deal yet. senate minority leader mitch is talking with joe biden to come up with a solution. if nothing is resolved by midnight tonight tax rates for all americans will increase. >> going to work with whoever. whoever can help. there ask no single issue that remains an impossible sticking point. >> if everyone is sincere in i saying they want the middle class to be protected, we can get a deal here. >> if congress doesn't immediate the midnight deadline lawmakers will have a grace period. so far the irs has not told employers to change the amount of income taxes they withhold from employees paychecks. with all the focus on the fiscal cliff. leaders from the house and senate agricultural committees agreed to a one-year extension of the expiring u.s. farm bill. so far there is no house vote scheduled. without passage of the bill milk prices could double. a gallon of milk could go up to $8 a gallon. >>> three people are recovering after a car crashed into a funeral home. police say it ap
FOX News
Dec 31, 2012 1:00pm PST
fiscal cliff. so, bret baier, welcome to you. all the news trickling out today, but it looks like at least the house of representatives will not vote on any deal to avoid the fiscal cliff. what is the latest? >> seconds ago, confirmation that, in fact, the house will not take up any fiscal cliff vote tonight even if the senate manages to get a piece of legislation to the floor and gets over the hurdles we have talked about. if there are the votes to get it on the senate side question confirm, right now, from our people on capitol hill, including chad, who you just talked to, the house will not take up any fiscal cliff vote even if the senate does pass something tonight as you look at the senator from missouri speaking on the senate floor. that means the country is going over the fiscal cliff technically. as we have known congress to do before, you can have maneuvers by which they rewind the clock and if they go into tomorrow and they actually pass a piece of legislation they can rewind it to the point they need to be. some of the stipulations about the sequester and those are the across-the-board cuts
NBC
Dec 31, 2012 12:00pm EST
fiscal cliff. >> the house will be in order. >> the house and senate are back in session. america faces the fiscal cliff. >> americans are still threatened with a tax hike in just a few hours. i hope we can keep in mind our single most important goal is to protect middle-class families. >> democrats have agreed to extend tax cuts for people making up to $400,000. it is higher than the $250,000 limit the president wanted. the hope is that instead of a grand bargain, a smaller package gets passed with the real job being pushed up until the new year about this whole thing is a national embarrassment. i think it is an embarrassment to the president and both sides of the aisle and both the house and of the senate panel without a deal, americans will face over $530 billion in tax increases at $110 billion in spending cuts for the military and other federal agencies. federal workers could be furloughed or laid off. brain-dead need across-the-board spending cuts to get the same percentage cuts to wasteful and on needed program, another sticking point is deficit-reduction. >> market remains a wi
CBS
Dec 31, 2012 4:30am PST
compromise to avoid a so-called "fiscal cliff." the house is set to reconvene this morning at 6:00 pacific time. andrew spencer has more on why the process seems to have stalled. >>> reporter: >> if there is an ultimate compromise, there will be parts of it that i find disgusting and reprehensible which i may have to swallow in the name of finding a compromise. >> reporter: a rare sunday session on capitol hill. >> the senate will come to order. >> reporter: as lawmakers work on avoiding the so-called "fiscal cliff." talks briefly hit a, quote, major setback on sunday over social security benefits according to a democratic source. but both sides agreed to push forward. >> i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: vice president joe biden is apparently that person for senate minority leader mitch mcconnell. top level sources say the two are taking over talks. if nothing is resolved by midnight, tax rates for all americans will increase and democrats say it means about $2,000 for the average middle class family. >> one mom said to
CNN
Dec 31, 2012 1:00pm PST
, dana, and i want to be precise, that the united states is now going to go over the fiscal cliff because the house of representatives will adjourn and they will not consider anything that the senate might pass tonight. so we are going over the fiscal cliff, isn't that right? >> reporter: technically, that's absolutely right, you're right. because to not go over the cliff, both houses of congress will have to pass something to avert that, and the president will have to sign it. so that is true. and that is why, as i said, politically, there aren't a lot of -- there are some people who aren't that upset about it, because it kind of makes the medicine go down a little bit easier when they vote on these cuts. having said that, we've heard from democrats in particular, for weeks now, that, you know, to sort of take a deep breath, that yes, it is called the fiscal cliff, but it is more of a slope, and particularly advantageous to members of congress who haven't got be their work done that january 1st is a federal holiday. so nothing is going to happen and there aren't going to be any real-world effects, es
FOX Business
Dec 31, 2012 5:00pm EST
: close but you no cigar. the u.s. falls off the fiscal cliff at midnight despite something in the work. you heard what senate minority leader mitch mcconnell said earlier today. we have members from both the house and senate on what happens next. i'm adam shapiro, in for melissa francis. on "money" the capital-gains tax in the cross-hairs. the capital-gains tax will spike in the new year. how can investors protect themselves from the coming blow? respect your elders or else. a parents dream, a child's burden. adult children forced to financially support mom and dad and pay regular visits in one major country. we'll tell you where and why they're doing it. even when they say it's not, it is always about money adam: had enough of the fiscal cliff yet? before we go there, let's take a look at the day's market headlines a whipsaw for the session for the markets on their last trading day of the year. signs congress was taking major steps toward a fiscal cliff agreement. the dow closed near session highs, climbing 166 points the dow gained 7.3% for the year. now that sent the fear index or the vix into a tailspin. it nosedived 20% as fiscal cliff optimism swept over investors. it had been up almost 30% s
CBS
Dec 31, 2012 6:00pm EST
. government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experienc
PBS
Dec 31, 2012 3:00pm PST
went any hope of meeting the midnight "fiscal cliff" deadline. house republicans opted not to hold any votes on the issue tonight. so-- officially, at least-- more than $600 million in tax hikes and spending cuts begin taking effect tomorrow. in the meantime, senate republicans and the white house continue working on a possible deal. . >> are running out of time. americans are still threatened with a tax hike in just a few hours. >> new year's eve morning at the capitol began with a warning from senate majority leader harry reid. after a long weekend dush -- weekend of tense negotiations vice president joe biden had spent sunday dealing directly with the senate's republican minority leader mitch mcconnell. and those contacts continued today. by early this afternoon amid reports of progress, president obama emerged in a campaign style setting. >> today it appears that an agreement to prevent this new year's tax hike is within sight. but it's to the done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> it was widely repor
MSNBC
Dec 31, 2012 10:00am PST
that president obama will speak about the fiscal cliff at 1:30 p.m. eastern time. with all that happening, let's get right to our daily fix. nbc's kelly o'donnell on capitol hill, nbc's kristen welker at the white house, and jonathan capehart, washington post editorial writer and my colleague and an msnbc contributor. okay, kelly. the action is on the hill where it's been for the last few days. let's start with you. this is a fast-moving story. give us the latest perimeters of what appears -- i emphasize appears to be the start of a deal. >> well, it has been coming closer together, so we are told. the question is what will the president be saying, and senior advisors here as well as senators i've spoken to say they do not expect that he is making any nounment of a deal, so we'll wait for the white house to determine that for sure. what we've been hearing is that they have moved off the issue of taxes and have been more focused on the nature of spending cuts. with republicans and democrats in two different places. democrats would like to delay the automatic spending cuts that would kick in at midnight for two years. republicans would like to delay them only for three months, and then get some additional d
NBC
Dec 31, 2012 11:00am EST
avert the fiscal cliff. the last minute scrambling at this house going on behind closed doors. >> and the redskins pull it off. they knock off the cowboys. >> welcome to news 4 midday. >> it's new year's eve, monday, december 31, 2012. >> it's down to the wire. we are less than 24 hours away from hitting the so-called fiscal a cliff right now. the house and senate are striking a deal oh avoid massive tax hikes and spending cuts. derek ward is live with more on what's happening today. >> the end is near. that's the end of the year, of course. what about the path that ends at the end of the fiscal cliff. senators should be back at it. the house reconvened this morning. such new year's eve appearances are on the hill. senate minority leader mitch mcconnell and joe biden kept in place to avoid $200 billion in tax increases. broad stroke spending cuts and domestic and defense spending. they would take effect gradually over a period beginning at midnight if the white house and congress can't reconcile their differences. it appeared to have been movement on the cost of living increases for s
FOX Business
Dec 31, 2012 4:00pm EST
fiscal cliff negotiations? former white house council economic add misers chief -- advisers chief ed lazear coming up. ♪ david: folks, we are seven and a half hours, trust me, before we go off that fiscal cliff. is there time for any deal? there may not be time to cut a deal of any kind. rich edson on the very latest of the timing of all of this. >> reporter: there might not be time to get it through the house of representatives tonight, basically saying they're going to have a conference meeting, and then they'll vote on what are known as suspension bills. they're not the fiscal cliff deal. and then they walk off the house floor between 6 and 6:30 p.m. now, this is an acknowledgment that they haven't gotten any type of deal for the senate. the senate is very much the first the act here, so we're still waiting on a deal between the white house and republican leaders. then the senate would vote, and it would go over to the house. this is somewhat of an acknowledgment that there has been no action from the senate yet, and it's not on the calendar tonight, and very likely we are going
KRON
Dec 30, 2012 11:00pm PST
fiscal cliff. the senate convened its rare sunday session with a prayer for progress. the house returned from its holiday hours until the u-s economy goes over what's being called the fiscal cliff - lawmakers are locked in a fierce face-off over a set hikes. "we're apart on some pretty big issues." " >> i'm willing to get this done, but i need a dance partner." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the wealthiest americans. >> "regardless of partisan differences, our top sure that taxes on middle that would hurt our economy badly." >> reporter: a major sticking point continues to be the annual income level at which those tax increases should kick in. the threshold has wavered from 250-thousand dollars to as high as one-million dollars. republicans argue the country doesn't have a tax revenue problem, it has a spending problem. >> "unless we do something about spending, the government will continue to get bigger and the deficit will continue to get bigger." >> reporter: following the president
MSNBC
Dec 31, 2012 8:00am PST
eye on the senate back in session with the fiscal cliff talks now down to the wire. the big question is even if the senate reaches a deal as they continue the debate will republicans pass anything with tax hikes in the house? up next republican congressman tom cole. and baby makes three. kim kardashian and kanye west's big baby announcement. also, sydney, australia celebrating the new year just three hours ago with fireworks over the famous opera house. in new york city, an already crowded times square. people waking up there. our big question what is your new year's resolution for 2013? tweet me at richard lui. we'll share some of your comments later. >>> a live look at the markets which appear to be taking going over the fiscal cliff in stride. many people say it is built into the market. many investors are still confident leaders will strike some sort of deal as talks go down to the wire and even if they don't they are counting on senate majority leader harry reid to present a backup proposal to limit some of the damage. we're watching live pictures on the right-hand side of your screen. senator barbara boxer speaking. they just reconvened about 15 minutes ago. we continue to keep our ears on the floor as
WETA
Dec 31, 2012 6:00pm EST
america going over the so-called fiscal cliff. congress officials have said the house of representatives will not vote before midnight despite tense negotiations to get an agreement signed before midnight washington time. that will trigger a series of automatic spending cuts and tax hikes and could send the country back into recession. >> of america is staring into the economic unknown. there will be some real damage. there are some people deserving far better and we will be scrambling to find budget reductions in we can understand. >> we are upon the fiscal cliff. will we need to focus on is how we find that common ground. ira by -- i believe republicans and democrats alike want to put us on the course to fiscal discipline. >> we are running at a time. americans are threatened with a tax hike in just few hours. i hope we can keep in mind that our single most important goal is to protect middle-class families. >> democrats and republicans in congress have to get this done but they are not there yet. they are closed but not there yet. one thing we can count on with respect
NBC
Dec 31, 2012 5:00pm EST
to stop him. >>> also, no vote tonight on the fiscal cliff package in the house. find out what that means for you and your taxes. >>> plus the waterfront is $ó"h7 >>> a would-be robber gets beat up with vodka. the robber entered the store, displayed a gun, demanded cash, one xro impliee complied, but another grabbed a bottle of vodka and started swinging. police caught up with the suspect a short time later. he's charged with arm robbery. >>> well, as we say good-bye to 2012, we're also saying good buy to a fixture in america's lighting fixtures. >> reporter: as the nation rings in the new year, it's lights out for the 75-watt incandescent light bulb. the u.s. government is pulling the plug. >> the edison bulb hasn't changed much in 100 years. >> reporter: under federal law, they cannot be produced or imported. the retailers can clear remaining stock. >> 90% of the energy is wasted. what they replaced them with is more energy official, just as bright and good, and will save you money. >> reporter: most screw-in bulbs must use at least 75% less energy. two options are compact fluore
CNBC
Dec 30, 2012 7:30pm EST
set to kick in on january 1st. that fiscal cliff and its potential impact on our economy brought lawmakers from both houses to washington for last-minute negotiations. concerns about the cliff spooked investors, the holiday shortened trading week was lighter in volume but higher in volatility. the worst decline of the month on thursday after a disappointing read on consumer confidence and some statements by congressional leaders. and yet, with one final trading day to go, all the major averages were still showing positive performance for the year of 2012. meantime, the u.s. is set to reach the debt limit on monday. that, according to treasury secretary tim geithner in a letter to congress, though, he did say he expects to take what he called extraordinary measures to extend the government's borrowing ability for another two months or so. and even your cup of coffee wants a deal on the fiscal cliff. baristas at the 120 starbucks in washington, d.c. were encouraged by management to add a shot of bipartisanship to their drink orders and remind customers in our nation's capital to come together. >> wall street is
MSNBC
Dec 31, 2012 1:00pm PST
caucus. welcome all of you. jimmy, let's start with the fiscal cliff. >> fiscal cliff. >> we're hearing about a strange marriage between minority leader mitch mcconnell and the vice president. why is the senate's top republican having to go to the white house for help with democrats? >> well, i mean, they have been running around saying we want the president to lead, we need the president to show leadership. john mccain just went to the show and said the president needs to show leadership. does he think the vice president's office somehow got moved away from the executive branch? i'm pretty sure the president via his vice president is leading. if that's the case, it sounds to me like they don't like what he's leading with. >> you said via. he hasn't built the relationships with members of his own party or the other party. so, yes, it makes sense that vice president biden is brought in because he still has relationships with people on the hill. >> but, susan, another issue here, and that is mcconnell having to go to biden because he's learned he can't depend on boehner to help him. >> well, i think -- >> no? stump the guest. >> i think boehner wants to be there. everyone agrees, but he is having a problem with his conference. there's no doubt a
CSPAN
Dec 30, 2012 9:30pm EST
together -- a compassionate alternative to what happens if we go over the fiscal cliff. true, from the very beginning i have favored a comprehensive solution to put our fiscal house in order. something along the lines of the bowles-simpson planned. perhaps this will not only soften the blow, but also give us a sense of urgency about a grand bargain to repair our fragile house. i'm not so naive as to believe everybody will check their politics at the door. even at this late hour. but this is not a time for politicking, bickering, or partisan games. to allow the country to plunge over the fiscal cliff without any alternative plans to solve -- soft and the landing is completely unacceptable. i cannot think of anything more irresponsible than to let this great country go over the fiscal cliff. to play games with the lives of americans in such a callous way. to jeopardize the financial standing of our country and to alarm our financial markets in ways that could trigger another recession -- something has gone terribly wrong when the biggest threat to the american economy is the american congress. i repeat, sir -- something has gone terribly wrong when the biggest threat
FOX News
Dec 31, 2012 1:00am PST
nation goes over the so-called fiscal cliff. fox chief white house correspondent ed henry has been at the white house, covering it all day. ed, where do things stand? >> good to see you, dana, you've been through the budget battles. the bottom line, there's not a lot of progress, so the white house is here and waiting and looking at what kind of last minute negotiations were going on, on capitol hill behind closed doors, but the senate majority leader harry reid a short time ago going home and basically saying that he will be back in the senate until tomorrow at 11 a.m., suggests that we're edging closer and closer to that cliff, but what the president did today. as he did something rare, he went on the sunday talk show for the first time in three years, went on nbc's meet the press and the last time he did one of the shows was promote health care reform today and try and back republicans back into a corner and suggested that maybe he's starting to play the blame game and saying if we go off the cliff it's going to be republicans fault. take a listen to what he had to say. >> not beca
FOX News
Dec 31, 2012 8:00am PST
the fiscal cliff problems. they said let senate majority leader harry reid take over. there is definitely frustration in the house that it's come to this point this late in 2012 as we are heading over the fiscal cliff potentially. bottom line some some suggested there is not a tax problem in the united states, there is a major spending problem. >> history has a way of repeating itself. somehow washington never gets the message, and here we are 30 years later on the brink of another crisis on new year's eve, still addicted to spending money. >> madame speaker the american people are looking at congress with distain and rightfully so. with the deadline on the fiscal cliff only hours away we've failed to reach a reasonable compromise to move the economy forward and ward off painful tax hikes on the middle class. >> reporter: so everybody is waiting to see if the senate can reach a deal on the fiscal cliff. it's not entirely clear when the house would act. i talked to a key leadership aide who he said if the senate passes a deal we could certainly signal that we will take it up perhaps tomorrow morning and that would keep
CSPAN
Dec 31, 2012 7:00am EST
debate we will see at the start of the new congress. the so-called fiscal cliff was coined by ben bernanke. the story from "roll call." "it could be reached over this weekend." were heard from the house rules committee chairman yesterday. they are taking steps in advance to extend these tax cuts. a deal could be on the floor today if there is an agreement. from "the washington times" this morning. "offers fly, but still no agreement" is the headline. mitch mcconnell bypassed senator reid to speak directly to the vice president. host: mark is joining us. your thoughts from manassas, a virginia. caller: good morning. thank you for c-span. we voters know this country has a lot of issues going forward. if they can take a bite out of these difficult issues one at a time, how will they make sure this country is put on a better footing? this is item number one in a list of hundredsd. -- in a list of hundreds. they are not willing to raise any taxes. just rolling back some of the bush-era tax cuts. when you're having issues, you have to make tough choices. host: thank you for the call. the damage may be done. some of the comments yesterday. [video clip] >> we remain hopeful that there will be a br
FOX
Dec 31, 2012 5:30am EST
sunday sesssin...trying to figure out the fiscal cliff negotiations.a lot of talkk very few solutions so faa. larson saas: "our membership ii as frustrated as the american ppople we're sworn to seevv."beccrra saas: "none of the votes we'll be casting today have anyyhing to do with these deadllne we face in slightty more hann24 hours. &pwe're here, we're ready." president ooama, sitttng down for his ffrst sunday morning three years, ttll n-b-c itts time for lawmmkers to nail doww a deal:obbma says: "we don't yet see an agreement and now the pressure is on congress to produce." republicans and emocrats going back and forth behind closed doors, workkng through the night, trying to avoid ssme of the most painful tax hikes and spendinggccts in our natioo's history.reid says:: "there s still significant pissancc between the tww continue."a possible sign oo progrees came whhn viie back from delaware to thee white houue o work the phones and reach ut to republican ssmeone who he's wooked with on many deals over the years. mcconnell says: "we're willing to work witt whoever, hoever i
FOX Business
Dec 30, 2012 10:00pm EST
. in that immediate actionis needed to avert falling off the fiscal cliff. he says that he is optimistic for an agreement, but neither republicans or democrats will get 100% of what they want. earlier today, the president met with congressional leaders at the white house. a closed-door meeting, here is what the president said just a short time ago >> we are going to construct a discussion with senate and house leadership of how to prevent this tax hike on the middle class. i am optimistic that we may still be able to reach an agreent that can pass both houses in time. senator reid and senator mcconnell are working on such an agreement as we speak we want congress taking up that issue now. in the meantime, the war on tracking, lisa jackson announced her plan to quit january 31. leading to questions as to who obama will choose to replace her. taking a more realistic approach. let ask john hiat meister. >> with us tonight we go to john hiatt meister. we want to focus on tracking. you think a new epa chief old crackdown on tracking? or will they move ahead with that? >> i think we will see a determined effort. the president wants to federalize the rules on tracking. taking the ultimate responsibility where it currently sits, turn it over to the federal gover
FOX News
Dec 31, 2012 3:00pm PST
are the house will not vote on any fiscal cliff legislation tonight. here is how the potential deal stacks up. they will be taxed at 39.6%. up from 35%. tax on capital gain and individuals for $400,000 for individuals would increase to 20%. from 15%. the alternative minimum tax is permanently indexed to inflation. it has been annual patch. that would be permanent. the plan extent the child tax red earned income tax credit. up to $2,500 tax credit for collision tuition. unemployment benefit are extented for one year. same for the medicare doc fix and the social security payroll tax cut. reverse to rate of 6.2%. those are the deals as they stand right now. although things are developing and they could change. those looking to europe for inspir ration and coming up with american tax rates that target the rich may have to rethink the strategy based on a ruling by a french court. senior foreign affairs correspondent greg palkot has that story. >> proponents of the high taxes in france took a bit of a hit over the weekend. >> the french constitutional council or court ruled plan 75% tax o
LINKTV
Dec 30, 2012 4:00pm PST
cliff. it avoids the worst outcomes. >> in the upper house, the senate, sunday the leadership of both parties is putting together a watered-down deal to assure that taxed on americans making less than $200,000 per year don't go up. the president expressed both sides will have to accept compromise. >> there is a basic fairness at stake in this whole thing that the american people understand and they listened to an entire year's debate about it. they made a clear decision about the approach they prefer, which say balanced, responsible package. they rejected the notion that the economy grows best from the top down. they believe the economy grows best from the middle class out and at a certain point, you know, it is very important for republicans in congress to be willing to say we understand we're not going to get 100%, we are willing to compromise. >> if a deal can get through the democratically controlled senate it will put pressure on the republican-cro -- controlled house to vote it through as well. >> i do understand the politics. the president won. he ran on raising rates and he's
CNN
Dec 31, 2012 9:00am PST
agreement to keep us from falling off the fiscal cliff. jessica yellen at the white house with some details. what are you learning? >> reporter: hi, suzanne. first of all, there is an emerging deal here, but it is still not done. it is in progress. there's a sense of sort of optimism that this will come to closu closure. what we know about this deal right now is that it would allow for earners at the very top to let their tax rates go back to clinton levels. so that is what was set to happen in the new year anyway. it only hits the very top earners. then the next level of the deal, households that earn $450,000 are the ones impacted by this. individuals who earn $400,000 a year are the ones who would see it go to clinton levels. the deal -- the emerging deal would also include as i understand an extension of unemployment benefits and a compromise on the estate tax that would allow a slight increase or something of an increase from where we are now but not an absolute jump to where it would be beginning tomorrow. now, if there were no deal. the big sticking point as dana is reporting
FOX
Dec 31, 2012 5:00am PST
over the fiscal cliff unless congress and the white house can work out a last minute deal. if there is no new budget deal by midnight tonight east coast time income tax rates will go up for all americans. coming up at 5:15 the two men leading the last minute negotiations. >>> the chp is trying to figure out what led up to a crash that killed a motorcycle rider in concord last night. it happened just before 6:30 on kicker pass road. the chp says no other cars were involved and it's unclear why the driver lost control. >>> three people are recovering after a crash after a car crashed into a concord funeral home. it happened yesterday afternoon at the we met brothers concord funeral chop ill on clayton road. it appears two teens were racing when they lost control and crashed their car into the building. the teens were taken to the hospital with serious injuries. a 66-year-old man who was inside the building has a broken leg. police interviewed a second driver that may have been racing the teens but have no arrests yet. >>> police officers are out there watching for drivers that may be cel
CSPAN
Dec 31, 2012 10:00am EST
adherence to big spending that is powering the momentum toward the fiscal cliff. halting base spending is what's going to stop it. end of editorial. over the past year, house republicans have passed effective bipartisan legislation to prevent the entire fiscal cliff. unfortunately, these bills remain stalled in the senate graveyard. this fact makes it very clear that house republicans have addressed this issue and speaker john boehner is holding firm for fiscal responsibility. with only a few hours to go, it's my hope that the senate will accept one of our proposals and send legislation back to the house that will attempt to tackle out-of-control spending, extend tax cuts for all americans and preventing the devastating defense cuts before it's too late and hundreds of thousands of jobs are destroyed. in conclusion, god bless our troops and we will never forget september 11 and the global war on terrorism. congratulations, jay pierson, for your years of service. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from ohio rise? >> good morning, madam speaker. i ask unanimous consent to address the house for one minute. the s
FOX
Dec 31, 2012 12:00pm PST
. >> thank you. >>> with all of the focus on the fiscal cliff, a new bill to prevent the so-called dairy cliff is also in play today. the house is expected to vote on a one-year extension of the expiring u.s. farm bill. leaders from the house and senate agricultural committees have already agreed to the bill. if it's not passed, milk prices could double up to $8 a gallon. >>> a number of new laws are ahead for the new year, including one in alameda county that claims to keep plastic bags out of the hands of shoppers. new at noon, brian flores is live with a new bag ban and reaction from residents and a store manager. >> reporter: hi, david. plastic bags could be a thing of the past. starting tomorrow, shoppers are urged to bring in their own reusable bags or will be charged for each paper bag they use. >> happy new year. >> reporter: with the new year comes new laws for shoppers in alameda county. starting tomorrow, customers will need to bring in their own reusable bag. or if they forget, they will need to shell out 10 cents per bag. >> i don't think it will hurt my pocketbook. hopefully it will remind me to bring my own bags.
ABC
Dec 31, 2012 6:00pm EST
are working to reach a deal to avoid the so-called fiscal cliff but if nothing is decided before midnight -- the house of representatives wrapped up business meaning the earliest something could take place is tomorrow in 2013. automatic increase also take effect. we have the latest from washington. >> reporter: just hours before the midnight deadline to avert the fiscal cliff, president obama said a deal is within sight but not there yet. there are still some issues to be resolved. our most immediate priority is to stop taxes from going up on middle class families starting tomorrow. i think that is a modest goal that we can accomplish. >> reporter: senate minority leader mitch mcconnell and joe biden are leading the negotiations. the deal will increase the estate class, extend unemployment benefits and bring back higher clinton tax rates on high incomes. from households earning $20,000 to those earning $450,000 a year. this create lad divide within the party with senator tom harken saying he and other democrats may block a deal. >> the deal must be one that favors the middle class, the real middle class.
MSNBC
Dec 31, 2012 7:00am PST
talking about the catastrophic consequences of going over the fiscal cliff, you see people now at the white house, on the hill, in both parties talking about it as a slope, not a cliff. that there will be a deal early in the new year if not one by new year's eve. so i think clearly both sides think it is now likely that we'll go over the cliff and that they want to argue it's not so catastrophic. in fact, as you say, especially for a liberal democrats they see some advantages to going over the cliff, blaming republicans and starting with kind of hitting the reset button when it comes to this debate. >> well, you had apparently democrats giving in on the estate tax. yesterday we saw that the republicans withdrew their demands on social security but now you have i mean what is arguably a much more difficult negotiation which is over concessions on the sequester. you know, if this doesn't get done is that what the holdup is going to be? or is it just going to be a whole myriad of things? >> i think it would be a myriad of things but certainly a sequester is a concern for members of both parties. you kno
CNBC
Dec 31, 2012 4:00pm EST
to an aide that said house gop caucus meeting is not principally about the fiscal cliff. it's mostly going to be about sandy relief money from the superstorm. the cliff will come up, but the source said we are not going over any potential deal because there isn't one and the senate hasn't acted yet. >> but even if they're intending to talk more about sandy relief, don't you think the fiscal cliff issue is going to kind of come up? >> of course it's going to come up, but my only point is the meeting -- that's not what the meeting is about. it's a further indication that -- from the house of representatives that they don't consider this thing ripe enough that they're going to bolt and move on it tonight. >> that'll please new jersey governor chris christie and governor cuomo of new york. but you don't think that's a head fake to try and lower expectations? or not to raise them needlessly on the fiscal cliff? >> look. >> we sound skeptical, don't we? >> yes. but we're not that far from 5:00. and we're not that far from midnight. knowing the way the senate acts, the fact the senate leade
WETA
Dec 31, 2012 6:30pm EST
more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how e major averagesr closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice presidt, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the to
CSPAN
Dec 31, 2012 5:00pm EST
-called fiscal cliff trade without any action by both chambers of congress, billions of dollars of tax increases and spending cuts are scheduled to officially begin tomorrow. while we wait for the house to come back into session, more from the economist magazine forum. this is on technological innovations and how they might change medical care in the coming year. >> thank you. i have the pleasure of talking about health care in 2013. 2013 is to be a big year for health care. there is an enormous amount of exciting research in global health and personalized madison. at the same time, the affordable care act is continuing its torturous implementation with 2014 as the big year when medicaid will be expanded, when people will be required to get insurance and this question of how you expand access to health care, how you lower-cost is going to heat up in the next year if that is even possible. to discuss these issues, we have esther dyson. she has trained as an astronaut. going to space is much easier. please welcome esther. [applause] >> good morning. i am going to talk briefly and make predictions for three markets concerning health. there are the markets for health-care -- they are the ma
KOFY
Dec 31, 2012 11:30am PST
obama just having spoken from the white house on the boss built of a fiscal cliff deal. one that could avoid -- raising taxes for everyone. good morning i'm kristen sze >>> and i'm cheryl jennings. katie is the news encouraging? >> reporter: more pressure than news about what the deal might be. this was not the big announcement about an agreement on the fiscal cliff. the president did acknowledge there's been progress and he spoke while surrounded by americans who he pointed out cannot afford a tax hike. a source close to the negotiations we know what might be on the table now this current tenty deal. one, as far as tax hikes are involved -- republican and democrats have agreed taxes would not go up for families that make less than $450,000 a year or individuals who make less than $400,000 a year. as far as unemployment benefits that's could be extended. the president mentioned tuition tax credit extended. where there's still a great divide is automatic spending cuts. the deal on table brokered mostly by mcconnell and biden overnight, would delay those spending cuts for three months. s
CNN
Dec 31, 2012 8:00am PST
. the last day to avert the fiscal cliff before americans plunge head long into smaller paychecks. the u.s. snalt gets back to work right about now. the house has been in session for about an hour now. senate leaders are the ones trying to hammer out a deal picking tax break ceilings, trying to lessen the impact of spending cuts. there are still major obstacles to pass. but this morning we're hearing that progress is being made. we'll have more on that and the fiscal cliff negotiations in a minute. >>> first, i want to show you the rest of the world is ringing in the new year. midnight arrived in asia. they are calling it a pyre tech nick musical. they were scheduled to begin an hour before midnight. hong kong on the top ten places to ring in the new year. let's listen. ♪ ♪ ♪ ♪ >>> ring in the new year, good morning 2013. we'll continue to monitor all of these celebrations as the day rolls on. the night rolls on in some cases. midnight in the u.s. is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets moving up because i
FOX
Dec 30, 2012 10:00pm EST
hours so doctors can monitor her medication. >>> the looming fiscal cliff, lawmakers on capitol hill today, leaders say no deal is in sight. >> happy new year. >> reporter: the house and senate back to work for a rare sunday session, trying to figure out the fiscal cliff negotiations. a lot of talk. very few solutions so far. >> our membership is as frustrated as the american people we're sworn to serve. >> none of the votes we'll be casting today have nothing to do with the deadlines we face in slightly more than 24 hours. we're here, we're ready. >> reporter: president obama sitting down for his first sunday morning talk show interview in over three years told nbc it's time for lawmakers to nail down a deal. >> we don't yet see an agreement, and now the pressure is on congress to produce. >> reporter: republicans and democrats going back and forth behind closed doors, working through the night, trying to avoid some of the most painful tax hikes and spending cuts in our nation's history. >> there's still significant distance between the two sides. but negotiations continue. >> reporter: a possible sign of progress came when vice president joe biden rushed back from d
FOX News
Dec 31, 2012 6:00am PST
: another devastating blow in the fiscal cliff crisis, this mess, will be to the military. $500 billion slashed from the pentagon budget that is raising serious concerns about our national security. chairman of the house armed services committee, california congressman, bruce mckeown will weigh in on the impact these cuts will v that is live in our next hour. gregg: secretary of state hillary clinton now hospitalized after the discovery of a blood clot following a concussion earlier this month. that concussion apparently related and causing secretary clinton to postpone her testimony on the benghazi terror attack. doctors say the blood clot is very risky. >> blood clots are serious depending where they are. the leg is more common and simpler to treat. lungs are more life threaten, into the brain of course, very, very serious if it is in the brain because of stroke and potential memory and injury to the entire brain. gregg: david lee miller is live in new york city with the very latest. and, david, what do we know about the location of that blood clot? >> reporter: gregg, the authorities have not released that information. they have only disclosed she is being treated for a clot. she fainted earlier this mon
CNBC
Dec 31, 2012 3:00pm EST
we go over the fiscal cliff, are you saying you would rather go over the fiscal cliff than vote for tax hikes? do you think it's going to get past the house? >> i don't know if it will pass the house. and the president seems intransigent. he seemed put off on having to be back in washington, d.c. off his hawaiian vacation. but at the end of the day i think there'll be some washington deal that will raise taxes at a level that won't help jobs. the president didn't want to do the spending cuts side and just raise taxes. and that is just a deal. it's not a solution in my book. >> where do woe go from here, mya, to get what you would want as a solution? what next? >> i do think this is a lost opportunity on two fronts. that we're not replacing the fiscal cliff with a big comprehensive debt deal that would actually fix the problem. and it's a lost opportunity that we seem to be back in washington the same old finger pointing and blame game. and right after the election, i really was hopeful that members of congress would be able to come together and work out these hard issues. we're not there yet, but the fight's not over in that these debt problems
CSPAN
Dec 31, 2012 12:00pm EST
about the fiscal cliff. he is joined by middle-class americans and is in the eisenhower executive office, a short distance from the white house. we are waiting for the president to be -- to come to the podium. you can share your thoughts with us on our facebook page as to whether washington should forge a compromise or go over the fiscal cliff. the president is coming momentarily and this is a live view from the white house. our coverage continues this december 31, 11 hours before the midnight deadline for congress to reach an agreement on the fiscal cliff. >> president of the united states -- [applause] >> thank you. >> happy new year to you. >> low, everybody. thank you. everybody have a seat. good afternoon, everybody. welcome to the white house. i realize that the last thing you want to hear on new year's eve is another speech from me. but i do need to talk about the progress being made in congress today. for the last few days, leaders of both parties are working toward an agreement that will prevent a middle-class tax hike from hitting 98% of all americans starting tomorrow. preventing that tax hike has been my top priority.
NBC
Dec 31, 2012 6:00am EST
with ant coe ago lantz. >> we're less than 24 hours from the fiscal cliff deadline. congress is inching closer towards a deal. the house will reconvene at 9:00 this morning. the senate will return to capitol hill at 11:00 a.m. talks hit a standstill yesterday after senate republican leader mitch mcconnell proposed social security cuts. democrats rejected the plan. aides say there has been what they call constructive movement on key issues like taxes, including a compromise on where to set higher rates for whether americans -- for wealthier americans and avoiding a jump in inheritance taxes. meantime, vice president joe biden is taking over at lead negotiator for democrats. >> time left to reach an agreement and we intend to continue negotiations. >> i want everybody to know i'm willing to get this done but i need a dance partner. >> if a deal is not reached by midnight, taxes go up for nine out of ten americans and 2 million people without jobs will not get unemployment insurance starting tomorrow. >>> sharp cuts in defense spending and domestic programs will kick in on january 2nd. >>> if nothing else, it looks like there
MSNBC
Dec 31, 2012 12:00pm PST
2014. looking at the fiscal cliff on the democrat side, it is very important that the president convince people that he's serious about the deficit in 2013 and for republicans one of my resolutions is that they try to not be the party of the rich any longer. both party haves a perception problem. the exit polls bared that out. the election bared that out and passing the fiscal cliff and looks like we will have kind of another temporary crisis in the next month or three months, they again have to fight the stereotypes and label that is built up. >> one of those jumped out at me. maybe run it by you. for the democrats, the argument of don't offend gun owners and manners, you don't want to offend anybody needlessly, a voter or group. i get that. you point to the example of the 2000 election and say al gore lost maybe the presidency because of maybe gun ownership and so much the map changed that the votes to win a national election, to win statewide election for democrats now -- gore lost kentucky, missouri, wf w6, his ohm state of tennessee and where the gun issue's hurt him. those
FOX
Dec 31, 2012 6:00am EST
leaders are set to get back to work as they have yet to strike a deal on that fiscal cliff. now, the deadline is now less than 24 hours away but the white house and congress still remain at odds over key issues such as creating an income threshold for raising taxes. president obama says gop leaders have rejected his proposals to make a comprehensive deal. republicans say they are willing to work together. so what does this mean for you? coming up in the next hour, we'll talk live with congressman jerry connelly and congressman phil roe for a closer look at the looming deadline. >>> still ahead this hour, secretary of state hillary clinton hospitalized. we'll have an update on her condition. we'll be right back. (vo) sometimes the big plan doesn't work. and the perfect life turns out to be not so perfect. you start fresh. new city. new job. new everything. it's exciting, and scary, at the same time. and some days you think, "i can't do this on my own." but then...i went to suntrust. they helped me figure things out. and before you know it, i am doing it... (anncr) at suntrust, helping people shine is what we do. join the thousands who are switchin
FOX News
Dec 31, 2012 3:00am PST
the press when it comes to the fiscal cliff handling, is that the right way to start the negotiation with two days left before the fiscal cliff or shouldn't he sit down and hammer out a deal with the senate republicans and house republicans. do you think a deal gets done? >> i do think a deal will get done. i think it might january 1st. i think we will briefly go over the fiscal cliff. the president worked on the issue months and months. the entire "crisis" is an issue of congress' own making . he was taping the meet the press on saturday. house republicans were cozy and doing nothing on the fiscal cliff. john bone bone took himself out of the negotiations and abdicated responsibility and said he would dole with whatever the senate and president had come to. i happening there is a lot of good proprosals on the table and something will get done, too. >> dave: it appears that senate republicans came a long way in sharing their desire for no taxes raised on the wealthy. $550,000 thres hold for couples is a significant compromise. but can they get anything through the house in terms of getting republican votes today? >> i don't think that will get through the house . the house was elected to protect the united states of addi
FOX
Dec 30, 2012 6:00pm PST
u.s. from going -- hike, from -- going over the fiscal cliff, still in the final hours. >> the house and senate convened for rare sunday sessions in hoping of bridging major impasses. >> conversations and discussions continue and we remain hopeful that'll get a breakthrough. >> we'll pass a minimalist bill so that we won't go over the cliff and then i think we have to go from there. >> on nbc's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for welt healthy americans. >> a mijor sticking point continues to be -- major annual sticking point, the threshold has waiverd from $250,000 to as high as millionion dollar. the country doesn't have a tax revenue problem. t has a spending problem. john boehner issued a statement saying republicans have made every effort to make the balanced agreement that the president promised the american people. we've been reasonable and respondent. the president is the 1 who's never been able to get to yes. >> what i ran on and what the american people elected me to do was to put fourth a balanced approach. >> despit
FOX
Dec 31, 2012 5:00pm EST
. >>> mark joins us.ns from are reports that we know now there will not be a house vote on the fiscal cliff packagk tonight. what are you hearing? what are the chances in what's going on? >> the u.s. congress has taken incomplete, remember that, you would call the registrar and, or your professor, and you took an incomplete, and that's what they've done. mcdonnell and the democratsdemo could get something done in terms of taxes, and it's a stage of process, but in terms of the whole bargain, they want more time of the what republicans didn't want to have blamedblam monday them is that they increased taxes on the middle class, and so maybe tim kainey was prophetic.ti he said let's just settle atse 500,000.tt they settled at 450,000, and noo move to the tougher stuff later. >> we've seen a lot of frustration and it's not justjus the americans who will be affected. lawmakers also fed up, maryland senator, the longer serving woman in the senate, said i, lived through 9/11, i've lived through impeachment of a president, but this is what we are doing to hour selfment are you surprised we go
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